The above
cheque handed over to us in part payment of your dues towards Shakti HR Coils purchased
from us, was presented through our banker, ICICI Bank, Nariman Point Branch.
Our bankers have informed us vide their advice dtd.05.12.13 that the above
cheque has not been honoured by your banker due to the funds being insufficient
in your account.

In the past
also due to dishonor of your cheques you were requested to use checks and
restraint while issuing cheques so that they are not returned unpaid by your
banker. However, it is felt that our advice has not been taken seriously.

You will
appreciate that business is run on commitments and flow of funds and,
therefore, uncertainty and virtual non-payment by the debtors causes cascading
effect on the finance of the creditors more so when they are not foreseen.

In view of the
above, if your cheques are dishonoured in future we shall be constrained to
take steps in accordance with the provisions of Negotiable Instruments Act much
to your discomfiture.